♦ The Asian Development Bank (ADB) lowered its India growth forecast for the current financial year (FY25) to 6.5 percent from 7 percent earlier. It also revised downwards its forecast for FY26 to 7 percent from 7.2 percent earlier.

♦ As a result, the growth forecasts for South Asia have also been revised downwards to 5.9 per cent for 2024 and 6.3 per cent for 2025.